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buying house from Aunt for price of mortgage she can't pay

V8ACDC
V8ACDC Posts: 19 Forumite
edited 6 July 2012 at 7:53PM in House buying, renting & selling
Wrong forum. Sorry.

Comments

  • marliepanda
    marliepanda Posts: 7,186 Forumite
    Do you want to? Will your Aunt be paying you any rent if this deal goes ahead, or are you buying a permanent free lodger?
  • BitterAndTwisted
    BitterAndTwisted Posts: 22,492 Forumite
    10,000 Posts Combo Breaker
    She can sell the property to you for any price she likes as long as it's enough to settle the mortgage on it.

    For the life of me, I cannot imagine why she can't sell it and realise more than the eighteen grand you're proposing to pay her for it. And any other buyer wouldn't have her moving in with them afterwards either.
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